The power of super projects: Tuan Chau’s proposals

Last update 14:00 | 16/04/2017

VietNamNet Bridge – Tuan Chau Island “King” Dao Hong Tuyen has caused quite a stir by suggesting a series of mammoth real estate projects in HCMC with total investment capital of VND65 trillion. 

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Tuyen has suggested building a tourism resort complex – Sai Gon Marina City – in Can Gio beach with the total area of 1,430 hectares.

This would include a yacht port to connect to Singapore, Hong Kong and Thailand; ferry line and speedboat to connect to Can Gio and Vung Tau; high-speed and yachts to connect to HCMC with neighboring areas; and resorts, ecological urban areas and a seafood town.

Tuan Chau Island “King” Dao Hong Tuyen has caused quite a stir by suggesting a series of mammoth real estate projects in HCMC with total investment capital of VND65 trillion. 

Tuan Chau has also suggested building a boulevard along Sai Go River, about 60 kilometers long, from the Nguyen Huu – Ton Duc Thang turning point to Ben Suc Bridge in Cu Chi district, and an aromatics and chemicals trade center on 20 hectares in Tan Kien ward of Binh Chanh district.

Of the estimated total investment capital of VND65 trillion, Tuan Chau Group would contribute 50 percent.

Tuan Chau’s president Dao Hong Tuyen, who is famous for daring projects, told the press that he hired five foreign consultancy firms, 25 planning experts and tens of engineers, who had to work nights for more than 10 days to implement the survey work and project planning.

Tuyen’s company has poured money into an artificial sea city in Can Gio area. He said the company has imported building materials and needs the ‘green light’ from HCMC authorities.

“The HCMC local authorities have carried out pre-feasibility study for the Sai Gon New City project in Cu Chi district,” Tuyen said.

“We are conducting geological exploration drilling, surveying the field to make compensation for site clearance and carrying out other necessary works to report to the city’s leaders about the route in District 1 – Ben Suc,” he said.

Regarding financial resources, Tuyen said that many domestic partners have committed to provide capital and construction steel.

Tuan Chau Group has set up three legal entities, each of which has charter capital of VND10 trillion, with domestic and foreign construction companies as partners, to implement the projects.

In the latest news, HCMC’s Mayor Nguyen Thanh Phong, at a meeting with representatives from city departments, said the city agreed to the building of a boulevard along Sai Gon riverside, but not the building of a new 15,000 hectare urban area by clearing Trung An commune.

An analyst commented that municipal authorities opposed the latter project because there is a pending project on the 6,000-hectare Tay Bac Cu Chi urban area, but it has been planned for years.

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This entry was posted in Building new city - Xây đô thị mới, Economics - Kinh tế, Hạ tầng đô thị - Urban Infrastructures, Trung tâm thương mại - Shopping centers, Urbanization - Đô thị hóa and tagged , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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